Stanford Facts 2008
Finances
In 2007-08, Stanford is a $3.4 billion enterprise.This figure represents the university’s consolidated budget for operations, a compilation of all annual operating and restricted budgets that support teaching, scholarship and research, including the budgets of all schools and administrative areas and the Stanford Linear Accelerator Center. It does not include the capital budget or the budget for hospital and clinical services. The capital budget for 2007–08 is $386 million.
| 31% | sponsored research |
| 20% | endowment income |
| 4% | other investment income |
| 17% | student income |
| 12% | health care services income |
| 7% | expendable gifts and net assets released |
| 9% | other income |
| 54% | salaries & benefits |
| 31% | operating expenses |
| 10% | Stanford Linear Accelerator Center |
| 5% | financial aid |
Endowment
Stanford’s $17.2 billion endowment provides an enduring source of financial support for fulfillment of the university’s mission of teaching, learning and research. About 75 percent of the endowment is designated by donors for a specific purpose. There are more than 5,000 endowed university funds.
Each year, a portion of investment return from the endowment is used to support annual operating expenses. The remainder of the return is reinvested in the endowment to maintain its value over time. The Stanford Management Company (SMC) was established in 1991 to manage Stanford’s financial and real estate assets. SMC is a division of the university with oversight by a board of directors appointed by the university board of trustees.
Fundraising
Stanford University in 2006-07 raised $832.3 million from 69,350 donors, making Stanford’s development program the most successful among universities nationwide. Nearly 40 percent of undergraduate alumni give gifts to the university. The gifts included $269 million for research, $62.2 million in financial aid, $72.1 million for professorships and other faculty support and $64.5 million for building projects. Annual giving included a record $20 million for The Stanford Fund for Undergraduate Education. At the end of 2005, Stanford completed its $1 billion Campaign for Undergraduate Education, the largest campaign devoted exclusively to undergraduate education at any research university. In October 2006, Stanford announced The Stanford Challenge, a $4.3 billion five-year fundraising campaign.
Through Stanford’s annual giving programs, alumni, parents and friends are encouraged each year to make expendable gifts for general university and school purposes. From time to time, individuals, foundations and corporations make major gifts to increase the university’s endowment, to construct new buildings or to start new programs. In addition, some alumni and friends include Stanford in their estate planning or make arrangements for a deferred gift to the university. Call (650) 723-8500 or visit http://givingtostanford. stanford.edu.
| Fiscal Year | Gifts in Millions |
|---|---|
| 1997 | $312.3 |
| 1998 | $319.4 |
| 1999 | $319.6 |
| 2000 | $580.4 |
| 2001 | $469.0 |
| 2002 | $454.8 |
| 2003 | $486.1 |
| 2004 | $524.2 |
| 2005 | $603.6 |
| 2006 | $911.2 |
| 2007 | $832.3 |